TRON market stayed flat from September 15 - September 21.
TRON portrayed neutral behavior last week, with no changes in the price. TRX was caught in a period of low volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that TRON is now going through the cycle of low volatility. The data derived from our credible sources shows that the average volatility of TRX didn't exceed 0.03%, which is indicative of weak price action. The most significant price swings occurred on September 19, when the volatility of the coin was at its highest for the given period at 3.17%. The quietest period on the asset's market was recorded on September 19, when the volatility dropped to the minimum at 0.03%. The low volatility of 0.03% means that the crypto coin is weak and incapable of any sizable price swings.
There were no gains or losses to the TRX market on September 15, it remained flat. The coin market was down by 1% on September 16, the second day of the reviewed time period. During the following trading period on September 17, the price of TRON oscillated between the low at $0.061 and the high at $0.062, while the price moved up by 1%. On September 18, the value of TRX was in the range, with the market remaining flat. After the open at $0.06, TRON moved during September 19 in the range between the said open and the close at $0.06, having posted the 24H low at $0.06 and the 24H high at $0.06. On September 20, the crypto coin showcased the following price fluctuations: the trading session began at $0.06 and then traveled from the low of the day at $0.06 to the high of the day at $0.06, closing at $0.06. The coin found the deepest trough (24H low) at $0.06 on September 21 and then exploded to the ceiling (24H high) at $0.06; the price range for that day was between $0.06 and $0.06. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the TRON market flatlining.
The past 7 days were marked by a change in average daily trading volume from $316 815 638 on September 15 to $319 250 247 on September 21. Over the week that came before the analyzed time span, the average trading volume of TRX ranged between $299 237 778 and $413 963 304. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 14%, and the 0% price shift.
TRON had its total market capitalization change from $5 690 162 861 on September 15 to $5 523 535 343 on September 21, the end of the examined time frame. When translated to percentage rate, the market capitalization of TRX over the past week adjusted by 3%. The 3% change in the coin's market capitalization affected the price rate that saw a 0% shift in the same time period. During the week before the analyzed time frame, the market capitalization of TRON moved by 2% as it went from $5 720 667 279 to $5 617 648 790, and gave a better understanding of the general direction in which this market is flowing.